Prop 13 Arizona: Initiative to Control Property

Tax Increases

Phoenix, AZ. – A new citizens’ initiative, Prop 13 Arizona, was filed to revamp the methodology used to calculate property taxes. Prop 13 Arizona will remove speculation from formulating valuations, cap the total amount of tax that can be levied and limit increases in valuation. Arizona property owners have been taxed on unrealized “gains” and speculative valuations that have resulted in year-to-year tax increases as high as 75%.

The initiative, modeled after California’s successful Proposition 13, will:

Prop 13 Arizona is gaining wide support in reaction to significant increases in property tax bills this year, coupled with a decline in the housing market that has placed Arizona at number seven in the top ten states for foreclosures.

The initiative was kept as close as possible to California’s Proposition 13, since it has survived constitutional challenges all the way to the US Supreme Court, where it was upheld in 1992.

Details of the Initiative are at www.Prop13Arizona.com.

Voice Phone Number: 602.765.1344
Email Address: Info@Prop13Arizona.com
Website: www.Prop13Arizona.com

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